ROBERT: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
What changed
ROBERT
NACE 69.103, Activities of bailiffs
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€738,575
2024 · €567,855+€170,720
Equity
€18.9m
2024 · €18.1m+€738,575
Cash
€2.5m
2024 · €1.9m+€573,015
Balance sheet total
€23.0m
2024 · €21.6m+€1.4m
Largest movements
Assets
- Receivables within one year +€822,518
up €822,518 (+4.4%), from €18.6m to €19.4m
of which Trade receivables: +€736,403
- Cash +€573,015
up €573,015 (+29.5%), from €1.9m to €2.5m
mainly Net result for the year (+€738,575) and Advances received (+€419,524)
Equity and liabilities
- Reserves +€738,575
up €738,575 (+4.1%), from €18.1m to €18.9m
- Advances received +€419,524
up €419,524 (+28.1%), from €1.5m to €1.9m
- Trade debts +€305,875
up €305,875 (+116.1%), from €263,554 to €569,429
Income statement
- Gross operating margin +€357,678
up €357,678 (+16.2%), from €2.2m to €2.6m
- Write-downs +€315,035
up €315,035, from -€186,804 to €128,231
- Staff costs -€127,834
down €127,834 (-7.2%), from €1.8m to €1.6m
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Result 2024
€567,855
Gross operating margin
+€357,678
Staff costs
+€127,834
Depreciation
+€21,088
Write-downs
-€315,035
Other operating charges
-€22,010
Other operating items
-€92
Financial income
+€23,915
Financial charges
-€1,380
Taxes
-€21,278
Result 2025
€738,575
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€713,282
Investment
-€140,268
Financing
€0
Cash 2024
€1.9m
From operations (derived)
+€713,282
Net result for the year
+€738,575
Depreciation
+€75,491
Receivables within one year
-€822,518
Deferred charges and accrued income
+€27,020
Trade debts
+€305,875
Tax, wage and social debts
+€35,927
Advances received
+€419,524
Other debts
-€59,104
Accrued charges and deferred income
-€7,508
Investment (derived)
-€140,268
Investment in fixed assets (net)
-€140,268
Cash 2025
€2.5m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €21,564,845 | €22,998,134 | +€1.4m | +6.6% |
| Fixed assets | 21/28 | €992,714 | €1,057,490 | +€64,777 | +6.5% |
| Intangible fixed assets | 21 | €6,697 | €3,052 | -€3,646 | -54.4% |
| Tangible fixed assets | 22/27 | €179,274 | €247,464 | +€68,190 | +38.0% |
| Furniture and vehicles | 24 | €146,447 | €220,697 | +€74,250 | +50.7% |
| Other tangible fixed assets | 26 | €32,827 | €26,767 | -€6,060 | -18.5% |
| Financial fixed assets | 28 | €806,742 | €806,975 | +€232 | 0.0% |
| Current assets | 29/58 | €20,572,131 | €21,940,644 | +€1.4m | +6.7% |
| Amounts receivable within one year | 40/41 | €18,596,104 | €19,418,622 | +€822,518 | +4.4% |
| Trade receivables | 40 | €18,114,078 | €18,850,481 | +€736,403 | +4.1% |
| Other amounts receivable | 41 | €482,027 | €568,141 | +€86,115 | +17.9% |
| Cash at bank and in hand | 54/58 | €1,941,264 | €2,514,279 | +€573,015 | +29.5% |
| Deferred charges and accrued income | 490/1 | €34,763 | €7,743 | -€27,020 | -77.7% |
| Total equity and liabilities | 10/49 | €21,564,845 | €22,998,134 | +€1.4m | +6.6% |
| Equity | 10/15 | €18,133,135 | €18,871,710 | +€738,575 | +4.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €18,114,543 | €18,853,118 | +€738,575 | +4.1% |
| Distributable reserves | 133 | €18,114,543 | €18,853,118 | +€738,575 | +4.1% |
| Amounts payable | 17/49 | €3,431,709 | €4,126,424 | +€694,714 | +20.2% |
| Amounts payable within one year | 42/48 | €3,373,894 | €4,076,116 | +€702,222 | +20.8% |
| Trade debts | 44 | €263,554 | €569,429 | +€305,875 | +116.1% |
| Suppliers | 440/4 | €263,554 | €569,429 | +€305,875 | +116.1% |
| Advances received on contracts in progress | 46 | €1,494,410 | €1,913,934 | +€419,524 | +28.1% |
| Taxes, remuneration and social security | 45 | €250,571 | €286,498 | +€35,927 | +14.3% |
| Taxes | 450/3 | €65,500 | €106,551 | +€41,052 | +62.7% |
| Remuneration and social security | 454/9 | €185,071 | €179,947 | -€5,124 | -2.8% |
| Other amounts payable | 47/48 | €1,365,360 | €1,306,255 | -€59,104 | -4.3% |
| Accrued charges and deferred income | 492/3 | €57,815 | €50,308 | -€7,508 | -13.0% |
| Non-recurring operating income | 76A | €164 | €3,224 | +€3,060 | +1868.0% |
| Remuneration, social security and pensions | 62 | €1,769,142 | €1,641,308 | -€127,834 | -7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €96,579 | €75,491 | -€21,088 | -21.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€186,804 | €128,231 | +€315,035 | |
| Other operating charges | 640/8 | €8,485 | €30,495 | +€22,010 | +259.4% |
| Non-recurring operating charges | 66A | - | €92 | +€92 | |
| Gross operating margin | 9900 | €2,206,619 | €2,564,297 | +€357,678 | +16.2% |
| Operating profit (loss) | 9901 | €519,216 | €688,679 | +€169,463 | +32.6% |
| Financial income | 75/76B | €51,984 | €75,899 | +€23,915 | +46.0% |
| Recurring financial income | 75 | €43,623 | €68,196 | +€24,573 | +56.3% |
| Non-recurring financial income | 76B | €8,361 | €7,703 | -€658 | -7.9% |
| Financial charges | 65/66B | €1,936 | €3,315 | +€1,380 | +71.3% |
| Recurring financial charges | 65 | €1,936 | €3,315 | +€1,380 | +71.3% |
| Profit (loss) for the period before taxes | 9903 | €569,265 | €761,263 | +€191,998 | +33.7% |
| Income taxes | 67/77 | €1,410 | €22,688 | +€21,278 | +1509.5% |
| Profit (loss) for the period | 9904 | €567,855 | €738,575 | +€170,720 | +30.1% |
| Transfer from tax-exempt reserves | 789 | €421,000 | - | -€421,000 | |
| Profit (loss) for the period to be appropriated | 9905 | €988,855 | €738,575 | -€250,280 | -25.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.